The Structured Finance Association warned the CFPB's servicing proposal would decrease the value of mortgage servicing rights, leading to a substantial negative impact on the secondary mortgage market.

The inspector general found that FHFA didn’t effectively maintain contingency planning documents for its general support system.

The annual home price growth rate may slow further in September, according to Intercontinental Exchange.

“After reviewing the comments and reconsidering the proposed rule’s substantive and procedural amendments, FHFA has determined that a number of material changes to the rule are necessary,” the agency said.

The affordable housing crisis is linked to a lack of housing supply, MBA panelists said.

A proposal suggested by Rohit Chopra, director of the CFPB, could be difficult to implement in the mortgage market.

The revamped rules allowed lenders to use a wider variety of standards to meet ATR and qualified-mortgage requirements while also introducing some uncertainty on whether specific loans comply with ATR standards.

A bill to ban trigger lead activities was included in a defense appropriations package in the Senate.

The New Jersey-based bank was alleged to have restricted mortgage lending services and credit access to certain neighborhoods from 2018 through at least 2022.

“These rules must be updated, and your efforts to stop regulators from doing so is unjustified and harmful,” Sens. Elizabeth Warren and Maxine Waters wrote in a letter to the Chamber of Commerce and the American Bankers Association.